StartupNorth

Tag: Ottawa

  • AccelerateOTT – June 14, 2013

    AccelerateOTT - June 14, 2013

    It’s almost time to shave off yer playoff beards. Summer time is upon us. And summer’s in Canada mean cottages and startup events.

    Our friends at the C100, who are continually helping to build the Maple Syrup Mafia across the globe, are hosting a series of events in Alberta, Ottawa and Montreal (invite only). The C100 does a great job making sure that connected Canadians from the Silicon Valley attend these events. It’s a great way to meet and connect socially with Canadians who are transplanted in the Valley or who are doing a stint there, but who still have strong interests in seeing a stronger set of Canadian companies. These local events are great low social capital ways to begin building your social network of people that might care (if you aren’t a douche).

    Our other friends (and Hot Shit List 2013 awardees) Tobi and Harley at Shopify have put together an amazing event in Ottawa. As you are driving back to town with working on your mind. Take a side trip from Bobcaygeon, and see the constellations. There is an amazing group of speakers including:

  • Go big and stay home

    CC-BY-NC-20 Some rights reserved by Darwin Bell
    AttributionNoncommercial Some rights reserved by Darwin Bell

    Wattpad announced today a $17.3MM raise from Khosla Ventures, Golden Venture Partners, Union Square Ventures and Jerry Yang. This is huge.

    “It has been recognized as highly significant due to having two top-tier US funds investing at this level in a Canadian-based consumer internet company.”

    We are seeing Canadian entrepreneurs build companies and demonstrate global traction. The changes to foreign investment related to Section 116 changes in the Tax Act, have allowed Canadian companies to go big and stay home.  The changes to Section 116, coupled with the desire of Canadian entrepreneurs to go big and stay home. Evidenced by Wattpad’s big raise, Wave Accounting’s $12MM series B from Social+Capital, Hootsuite’s $20MM round from OMERS (sure they’re not foreign capital but its a big round), Shopify’s $22MM ($7M series A + $15M series B from Bessemer), Beyond The Rack’s $36MM raise, Fixmo’s $23.4MM Series C from KPCB, Achievers’ $24.5MM Series C from Sequoia, and others. There are startups and there is capital. It’s possible to build a growth company in Canada and raise foreign capital. The game has changed for Canadian VCs, geography limitations can help these funds identify early but it potentially will relegate many to second tier status if they can not enable their startups beyond their geographies.

    The great thing in talking with many of these entrepreneurs is that they want to build successful companies in Canada. Allen Lau, CEO of Wattpad, mentioned that his desire was to grow a large successful company in Toronto. He is not looking to move the company. The same is true of my conversations with Kirk Simpson at Wave Accounting, Tobi at Shopify, Mike at Freshbooks, etc. There are a lot of reasons to want to be way from the tensions and pulls the exist in the Bay Area. Canadian startups have access to great talent. While there is some pull between the different startups, many of these companies aren’t competing with each other for employees or mindshare. Just check out Shopify’s recruiting video and tell me why you wouldn’t choose to work for Harley and Tobi instead of a financial institution or a government organization.

    It’s a great time to be an entrepreneur in Canada. It’s a great time to work for a startup. You should check out the opportunities on the StartupNorth job board.

  • DFAIT Technology Growth Initiative Business Bootcamps

    Departement of Foreign Affairs and International TradeDFAIT is sponsoring the Technology Growth Initiative (TGI) Business Bootcamps Spring 2011 to help Canadian companies go-to-market in specific US markets (Boston, Denver, Los Angeles, New York, Palo Alto, San Diego, San Francisco/Silicon Valley and others). The program provides startups with access to webinars, a one day bootcamp session and direct connections with VCs and local entrepreneurs to share experiences and find funding.

    The one day bootcamps are being help in April and May 2011 from Halifax to London. The bootcamps are interesting, they provide entrepreneurs the opportunity to pitch and get feedback from trusted experts (yeah right I think I served as an “expert” in 2009 ;-). But it is a great opportunity to get a different set of eyes on your pitch. And it plays to the old adage, “how do you know when an entrepreneur is dead? he stops pitching”.

    Registration for One Day Business Bootcamp

    • Halifax: April 27th, 2011 – Cleantech and ICT
    • Quebec City: April 28th, 2011 – ICT
    • London: April 29th, 2011 – Cleantech, ICT, Life Sciences
    • Toronto: May 2nd, 2011 – Cleantech, ICT, Life Sciences
    • Ottawa: May 3rd, 2011 – Cleantech, ICT, Life Sciences

    There is also the upcoming April 6th, 2011 11:30EST seminar with Mike Grandinetti (he’s also a TechStars mentor) focusing on “Lean and Mean Startups”.

    April 6th: 11:30 EST (Upcoming Webinar – Soon)

    1. Lean and Mean Start-ups – Presented by: Mike Grandinetti, Managing Director, Southboro Capital, Boston.
    2. So you think you are ready? – 10 things you need to know before presentation day – A candid talk on presentations gone horribly wrong and how you avoid that – Presented by: Coby Schneider – Miller Thomson & Others.

    These are great opportunities to learn about expanding into specific US markets. The DFAIT team brings key players to local markets and makes it easy to establish relationships that allow companies to grow. There are lots of opportunity to criticize some of the efforts, but the team at DFAIT have run this program for the past few years with varied success. It’s worth the time of startups actively looking to expand their customer base (this means that you’re beyond seed stage, you probably have customers, you have a product, you’re looking for a scalable business model) to explore how DFAIT can help.

    The event is co-hosted by our sponsors and friends at KPMG are corporate partners helping DFAIT and startups. There are a lot of cross-border issues concerning corporate structure, financing, taxation and other where KPMG can leverage their experience to help early and growth stage companies.

  • Shelter for startups in Ottawa

    Mercury Grove offices
    Catwalk at Mercury Grove/NetworkHippo offices

    Scott Annan announced he was making available some of the space in the newly acquired NetworkHippo/Mercury Grove office space for startups. It is a raw space located in downtown Ottawa to enable startups and entrepreneurs to come together and share. It embraces the idea that great things come out of the collisions that happen in our communities.

    “The idea behind opening up our space is that I think that Ottawa has some of the greatest entrepreneurs, talent, and ideas in the world. But we don’t spend enough time together collaborating on ideas, discussing technology opportunities, or discussing ways we’re changing the world. I think the more we can be surrounded by people who are facing similar challenges (trying to get launched, trying to get noticed, and trying to get paid) the more we can feed off each other’s successes and learn from each other’s experience.”

    This is different than a coworking space. It’s an entrepreneur that values the collisions, differing view points and conversations that happen in larger offices. It’s Scott making sure that he and his staff have a unique experience by getting to interact with others in the Ottawa community. It speaks deeply to why we host events like DemoCamp and Founders & Funders. And you can see venture firms in Toronto and Vancouver taking advantage of the opportunities of having others drop in (BootupLabs during Grow Conference; and open door policy at Extreme Venture Partners and office hours with Year One Labs).

    If you’re visiting Ottawa make sure that you stop by:

    Mercury Grove Startup Shelter
    Address: 738A Bank St. (map here)
    Phone: 613-237-2071
    Email: [email protected]

  • dna13 acquired by CNW Group

    dna13 acquired by CNW

    This was a crazy weekend for Canadian startup acquisitions.

    First there was Bumptop announced their acquisition by Google. There is StandOutJobs.com being acquired by an unnamed company. Now Ottawa-based dna13 has been acquired by CNW Group. Read the Social Media Release for more details

    “This acquisition reinvents the newswire and we’re terribly excited about it. It’s of benefit to our clients because we’re taking dna13’s technology platform, which is best-in-class, and marrying it with CNW’s suite of offerings. For the first time we’ll be providing an end-to-end solution that will really allow communicators to manage every facet of the communications process. Everything from creating content; targeting your message; distributing your news and information; understanding how that information is being received by your audience to further refining your message and developing metrics. That will all be available to CNW clients in one, single platform.”
    – Carolyn McGill-Davidson, President and CEO, CNW Group

    This makes a lot of sense since CNW Group is a reseller of the dna13 platform under the MediaVantage brand. No details about the purchase price have been disclosed. 

    Looking at the cached Board of Directors page we find:

    We can hope that this was another 10 banger for a Canadian startup.

  • Network Hippo

    Congratulations to Scott Annan and the Network Hippo team for their great demo at Demo Spring 2010. Scott Lake wrote about the performance on StartupOttawa, and I’d agree it’s worth taking the 5 minutes and 24 seconds to watch a great demo.

    Funding Details

    Self-funded

    Competitors

    No direct competitors. Secondary competitors include Gist, Plaxo, Xobni, Highrise, and Batchbook.

    Product Description

    Network Hippo is the smartest way to manage your network. We help individuals and businesses manage and stay connected to people across social, professional, and business networks. Network Hippo aggregates and organizes contact information intelligently from email and social networking sites and has proactive, addictive tools to engage your network. Close more deals, crowdsource your next product design, or change the world: Network Hippo and your network make it possible.

    Market Opportunity

    Jack Myer’s Media Business report forecasts spending in social marketing to grow from $800 million to $3.2 billion by 2012. AMR projects CRM revenue of $22 billion in 2012 (up from $14 billion in 2007) and Gartner predicts 80% of the immediate growth to come from “social application vendors.”

  • C'mon Meat, throw me that weak-ass shit!

    Crash Davis: Relax, all right? Don’t try to strike everybody out. Strikeouts are boring! Besides that, they’re fascist. Throw some ground balls – it’s more democratic.
    Ebby Calvin LaLoosh: [to himself] What’s this guy know about pitching? If he’s so good how come he’s been in the minors for the last ten years?

    I guess this makes me Crash Davis, ten years in the minors, makes me wonder when my Waterworld is coming (so please make sure you take any feedback with the appropriate sense of pending doom).

    “Open challenge to local startups to “pitch” for a meeting in a 140 characters or less in the comments (more realistically less than 420 characters – basically 3 tweets).”

    In response to my Pitching Fastballs post on StartupNorth (reblogged), Trevor and Karim from Big Time Design have answered my open challenge, along with a bunch of others in the comments. Along with Scott Annan and Tim Harris.

    Big Time Radar

    radar

    big time Radar is: Discreet, targeted messaging; customers ask for it & you deliver via Live Messenger, Twitter, SMS, email & Facebook from one interface.

    Big time’s management team consists of three guys from marketing, design and development backgrounds.  Radar’s market opportunity is massive for anyone in the marketplace looking to use social media to sell, communicate and connect with their customers.  Initially, we plan to focus on four verticals: retail, events, media and real estate.  Our pricing model is segmented by number of users and selected features. We are currently in the beta phase (with very positive initial results) and are bootstrapping rather than looking for funding as our overhead cost is negligible. 

    Commentary/Feedback

    This is a great approach to layered information. The piece that is missing for me is the separation between Big Time Design and Big Time Radar. I’m assuming Radar is a product offering of Big Time Design. That coupled with I’m curious at the benefit of the solution, i.e., it sounds like a multi-channel replacement for MailChip or Constant Contact, i.e., email marketing that uses social media for notification beyond just email. A little more clarity about how it fits with respect to these other offerings might be helpful.

    Network Hippo

    network_hippo

    Network Hippo is a smart address book for startups and professionals. It combines and scrubs contact information from dozens of sources, finds more info about them on the web and social networks, plugins into your email, and alerts you when – and who – you should contact. It’s a smarter, personal, social CRM. We’ll replace Highrise completely & Salesforce’s smallest customers.

    Commentary/Feedback

    I also like the one provided on Network Hippo’s home page , “Network Hippo is a powerful and unique network relationship application that puts your professional network to work. We help professionals and small businesses build their network, identify their most valuable contacts, remind them when somebody needs a call, and track deals for their business.” It’s very clear who the product is for, what the product does, and who are the competitors. I would like a little more detail on the differentiator, i.e., what makes Network Hippo special?

    Star Return

    Star-Return-Logo

    Star Return links out door media to rich media content on handheld apps via web services, while providing advertisers with solid analytics to evaluate effectiveness and viral affects of their campaigns.

    Commentary/Feedback

    I’m still not sure how Star Return links outdoor media to rich media content (I’m assuming that this is online content). I still don’t actually know what Star Return does. Jumping on the Interwebs, I find “We are Star Return. We allow you to download information to your mobile device, related to products, places, people and businesses.” and “Star Return puts a new twist on information access. Users – anytime, anywhere can now access information on restaurants, stores, products, sporting events, concerts, bands, real-estate and much much more.” My guess is that it’s bit.ly for billboards?

  • StartupDrinks – September 30, 2009

    startupdrinks[1]It’s happening again. It’s great to have a monthly social event for high tech entrepreneurs in Toronto.

    Bryan Watson of NACO and Robin Gittens of CEOFusion have stepped up to help coordinate the next installment of StartupDrinks in Toronto. Heri of Montreal Tech Watch and Robin Ahn & Raymond Luk of Flow Ventures are hosting the Montreal event. Scott Lake of StartupOttawa is hosting the Ottawa event. And Dan Silvestru from Covarity is stepping up to host an Waterloo event (the Waterloo event will be on October 6 to avoid a conflict with DemoCampGuelph).

    The Toronto Startup Drinks followed hot on the heels of DemoCamp with Yossi Vardi, which was a great event.  We are keeping the startup community alive, one pint at a time on Wednesday, September 30, 2009 at local fave Fionn MacCool’s on the Esplanade! Waterloo is happening on Tuesday, October 6, 2009.

    It’s a simple concept: a grassroots effort to make sure startup folks get in touch and stay in touch.

    Toronto

    Montreal

    • Wednesday, September 30, 2009 starts at 5:30pm
    • Brutopia, 1215 Crescent St

    Ottawa

    • Wednesday, September 30, 2009 starts at 6pm
    • Cornerstone Grill at 92 Clarence Street (in the Market)
    • Register

    Waterloo